Sign up Australia
Proactive Investors - Run By Investors For Investors

Torian Resources receives promising first gold assays from Zuleika drill program

The drilling was designed to test the mineralisation with angled holes to depths of around 150 metres.
drill rig in operation
Drilling at the Zuleika project in Western Australia

Torian Resources Ltd (ASX:TNR) has received significant reverse circulation (RC) drill results from its program at the Paradigm South prospect within its Western Australian Zuleika Gold Project.

The company completed seven holes for 888 metres as part of phase II of planned exploration, with the results coming from the initial 4-metre composite.

Results include 8 metres at 3.14 g/t gold from 100 metres; 8 metres at 1.16 g/t from 36 metres; and 4 metres at 2.81 g/t from 140 metres.

These assays were taken from black shale unit, oxidised dolerite unit and sheared felsic volcanics, respectively.

Target along strike with Paradigm mine

The Paradigm South area lies in the northern portion of the Zuleika project, along strike to the south of Northern Star Resources Ltd’s (ASX:NST) historical Paradigm gold mine.

The area has had only limited and wide-spaced, shallow historical rotary air blast and aircore drilling.

Torian’s initial oxide RC drilling confirmed the geological model for Paradigm south and the continuation of the geology as seen in the area around Northern Star’s Paradigm mine.

The recent results appear to show that mineralisation associated with the Paradigm mine continues south onto Torian’s ground.

READ: Torian Resources begins drilling for gold at Zuleika

Torian managing director Matthew Sullivan said the results at Paradigm South were very encouraging and confirmed the company’s interpretation of the area’s geology.

Sullivan said: “We are now planning more drilling to follow up these wide spaced holes.

“The Zuleika project remains our main focus and we have lots more results to come.”

The zones of mineralisation identified at Paradigm South remain open at depth and several other high priority targets within the project have only been lightly explored.

More complex geological structures in the area suggest the potential for additional mineralisation styles to be present away from the main vein structure.

View full TNR profile View Profile

Torian Resources Ltd Timeline

Related Articles

Parkway German map
March 06 2018
The company has a 26% interest in highly-rated German potash assets, 7.3 million Lithium Australia NL (ASX:LIT) shares and $2 million in cash.
Picture of area surrounding Paradox Lithium Project
May 07 2018
Cloud, Cane and LC South will be part of Anson's Paradox project with the claims being close to oil wells with historically recorded lithium values.
mine
February 08 2018
The Gunnison Copper Project is slated for commercial production in the second half of this year

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use